Tejon Ranch Co.

NYSE:TRC Stok Raporu

Piyasa değeri: US$525.2m

Tejon Ranch Yönetim

Yönetim kriter kontrolleri 3/4

Tejon Ranch CEO'su Matt Walker, Apr2025 tarihinde atandı, in görev süresi 1.08 yıldır. in toplam yıllık tazminatı $ 2.36M olup, şirket hissesi ve opsiyonları dahil olmak üzere 21.8% maaş ve 78.2% ikramiyelerden oluşmaktadır. şirketin hisselerinin 0.07% ine doğrudan sahiptir ve bu hisseler $ 368.14K değerindedir. Yönetim ekibinin ve yönetim kurulunun ortalama görev süresi sırasıyla 3.2 yıl ve 11.7 yıldır.

Anahtar bilgiler

Matt Walker

İcra Kurulu Başkanı

US$2.4m

Toplam tazminat

CEO maaş yüzdesi21.79%
CEO görev süresi1.1yrs
CEO sahipliği0.07%
Yönetim ortalama görev süresi3.2yrs
Yönetim Kurulu ortalama görev süresi11.7yrs

Son yönetim güncellemeleri

Recent updates

Seeking Alpha • Feb 10

Tejon Ranch: A Free Option For Mixed-Use Californian Developments

Summary Tejon Ranch is in the early innings, with TRCC development and new casino traffic set to drive near-term earnings growth. Farming rebounded on strong pistachio results, while Terra Vista leases, a new casino opening, and a $2M cost savings initiative are going to boost profitability. Current EV is largely covered by TRCC's possible value and outstanding TRCC development, but upside lies in long-term projects: Grapevine, Centennial, and Mountain Village. Execution risk remains high for large-scale developments, with upside dependent on realizing value from mixed-use projects and JV partnerships. But TRC stock is like a free option on these longer-term initiatives, and the cost of capital declines could help them find partners for the initiatives. Read the full article on Seeking Alpha
Seeking Alpha • Nov 07

Land Rich, Profit Poor: Unpacking Tejon Ranch's Ambitions

Summary Tejon Ranch Co. is a high-risk stock with inconsistent financials, a sky-high P/E ratio, and ongoing legal issues, making it a 'Sell.' Despite a recent performance boost, Tejon Ranch's revenue has been declining, and large real estate projects are stalled due to environmental lawsuits. The company is heavily investing in real estate projects, but these are not yet profitable, leading to increased debt and operational losses. Investors are banking on future growth, but current earnings are minimal, and the stock's valuation suggests it's trading well above fair value. Read the full article on Seeking Alpha
Seeking Alpha • Apr 29

Tejon Ranch: Avoid The Recent Pop As The Outlook Worsens (Rating Downgrade)

Summary Tejon Ranch's earnings fell significantly in 2023 after a strong 2022. The company has lost near-term momentum, and its longer-term picture looks increasingly cloudy as well. The appointment of a new CEO may bring potential positive changes, but the structural headwinds and skepticism surrounding Tejon Ranch's development prospects remain. I don't see Tejon Ranch as an appealing inflation hedge and much prefer other land bank equities. Read the full article on Seeking Alpha
Analiz Makalesi • Apr 23

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Seeking Alpha • Oct 28

Tejon Ranch: Difficult Macroeconomic Backdrop Keeps Me On The Sidelines

Summary Tejon Ranch, a real estate development company, has struggled to deliver long-term shareholder value. The company's major proposed housing projects are likely still years away from development. Rising interest rates and a softening commercial real estate market further reduce the incentive to build at Tejon Ranch in the near future. I see shares as a hold and note insider buying as a positive. However, there is little in the way of catalysts that would support a near-term rally. Read the full article on Seeking Alpha
Seeking Alpha • Dec 24

Tejon Ranch: Outperformance For 2023 With Value Unlocking

Summary Market uncertainty for 2023 makes it difficult to select investments that will perform well over the year. I try to rely on investments that lean towards certainty and event driven success, and TRC does this by unlocking real estate value. Perhaps avoiding downside will be more important than seeking upside in 2023. Introduction 2023 will be an interesting year, and certainly unpredictable. While I have posted an article on the possibility for the market to end positive for the year, I also want to search for low-risk investments to preserve some capital for the year ahead. I have already discussed Central Japan Railway (OTCPK:CJPRY) as a traveler growth play for the year. I expect a low-volatility and risk 5-15% return on the investment, rather than the widely varied return that is possible for the S&P 500 (SP500). Another viable candidate of event driven stability is with Tejon Ranch Co (TRC), owners of the largest single plot of private land in California. Located in between the LA suburbs and Bakersfield. The land is in a high traffic volume region and the company has first developed a commercial center along the highway to take advantage. In fact, despite the opportunity for the company to develop over 35,000 homes across their land, approximately $28 billion in value at average California house prices, the real value over the next year relies on selling commercial plots along the highway. In fact, due to rising land prices, there remains over $100 million in direct land value that is available to be sold in the coming year. This will provide plenty of cash to the balance sheet to be reinvested in the future-facing early-stage developments at the other master developments. Combined with the reduced overhand of litigation on the progress of their housing developments, I expect the company's value to rise. At the same time, the risk for downside is limited as financial health and outlook improve. I have discussed the opportunity in far more detail in a prior article. Litigation Has Been Settled While I will discuss the developments underway, one of the key factors in unlocking value for TRC is the settlement of the various lawsuits against their developments. Over the past three years, most litigation has been settled in favor of TRC as they have made significant environmental concessions over the past 20 years. In order to continue growing and maintain positive investor sentiment, progress on future master developments is required. Now that most main lawsuits are now complete, the outlook is quite positive in this regard. As such, the company can be valued higher purely due to the future opportunity. This effect is great for the short-term expectations as well due to the fact investors are less likely to sell out despite the general market weakness. As evident by company performance so far this year, TRC is up 1.3% while the market has fallen 18%. Even the past three years show reduced drawdowns and a narrower trading range compared to the S&P 500 (for an individual holding of course). My investment thesis relies on the low-volatility and slight appreciation in value as a way to support my portfolio over the coming year. Stability now, then the unlocking of value over the decades to come. Seeking Alpha Real Estate Valuations - Commercial and Housing To maintain momentum and earn cash to use on future developments, TRC sells plots of land to developers at the commercial center along the 5 freeway. Some development expenses are taken up by TRC, and some by partners, and both parties have the potential to earn lease expenses in the future. The sales have been frequent over the past few quarters as demand for logistics facilities grow. It's no question why: the location can access over 70 million people within two days. One press release offered these insights in November, along with the earnings report: [TRC and Majestic Realty have] completed construction and secured a full-building lease of its 629,274-square-foot industrial distribution facility to an undisclosed major retailer at the Tejon Ranch Commerce Center ((TRCC)). This latest transaction follows a series of recent deals at TRCC involving four building sites, comprised of more than 2.5 million square feet of industrial development, that is currently under construction or planned for construction in 2023... Commercial/industrial real estate development segment revenues were $32.2 million for the first nine months of 2022, an increase of $19.4 million, or 152%, from $12.8 million for the first nine months of 2021. The increase was attributable to a 58-acre land sale mentioned above. Land pricing has risen 150% from $3.50 to $8.75 per square foot The 2.5 million sq feet of industrial development would account for an additional influx of $22 million at current land pricing of $8.75 per sq ft. Other developments include expanded commercial sites like three hotels/motels and the coming residential multi-family apartments. The site already has an outlet mall and travel plazas, increasing the land value through traffic and usage. Current tenants include Caterpillar (CAT), TravelCenters of America (TA), Tesla superchargers (TSLA), L'Oreal (OTCPK:LRLCY), Dollar General (DG), and IKEA. Highlights and future works are listed in the image below. TRC Press Release If prices remain the same, the available 11.75 million sq ft of space left would account for an additional $102 million in revenues over the next year or so. However, I expect only about 50% of that to occur in the next year, or around $50 million. Keep in mind that the investment in this developer is not just about sales over the next year, but the potential for up to an additional 35000 houses and 35 million sq. ft. of commercial space being sold over the next two decades or so. Any profits now will be support for those future cash flows. Tejon Ranch Investor Presentation Tejon Ranch Investor Presentation The Company will continue to aggressively pursue commercial/industrial development, multi-family development, leasing, sales, and investment within TRCC and its joint ventures. The Company will continue to invest in its residential projects, including Mountain Village at Tejon Ranch, Centennial at Tejon Ranch and Grapevine at Tejon Ranch. When all four master planned developments are fully built out, Tejon Ranch will be home to 35,278 housing units, more than 35 million square feet of commercial/industrial space and 750 lodging units. Relative Valuation It is also important to note that the company has legacy assets that still earn $30-50 million in revenues per year. Most of these are related to other parts of Tejon Ranch used for mining, water wells, oil rigs, and farms. While far more cyclical, unpredictable, and less profitable than the land sales, there is a base for investors to rely on in the case that asset sales do not occur every quarter. EBITDA margins typically range around 20-30%, meaning investors have little worry about cash not being available for operations. Tejon Ranch Co 2022 Shareholder Presentation We can also see that recent increases in land development has allowed for debt to be repaid. In fact, cash is now higher than total debt for the first time since 2018. Investors can also be confident in the prolonged periods of positive free cash flow per quarter despite investments in litigation defense, planning, and development. Dilution has also not been an issue since 2017, although if groundbreaking occurs at a master development, positive sentiment may be used to list shares again. For now, leases, legacy assets, and land sales will continue to drive positive cash flows, and any negative quarters must be assessed carefully.
Analiz Makalesi • Nov 11

Here's Why We Think Tejon Ranch (NYSE:TRC) Is Well Worth Watching

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Nov 07

Tejon Ranch GAAP EPS of $0.38 beats by $0.22, revenue of $31.47M beats by $8.93M

Tejon Ranch press release (NYSE:TRC): Q3 GAAP EPS of $0.38 beats by $0.22. Revenue of $31.47M (+110.4% Y/Y) beats by $8.93M.
Seeking Alpha • Aug 03

Tejon Ranch GAAP EPS of -$0.03 misses by $0.01, revenue of $9.27M misses by $3.17M

Tejon Ranch press release (NYSE:TRC): Q2 GAAP EPS of -$0.03 misses by $0.01. Revenue of $9.27M (-44.3% Y/Y) misses by $3.17M.
Seeking Alpha • Jan 12

Tejon Ranch: Owning A Californian Mountain Range

Tejon Ranch Company is the largest contiguous private landowner in California, with a plot of land about an hour north of Los Angeles. With planned recent approvals of new commercial and residential developments along the Interstate 5 corridor, future income looks brighter than in years prior. While a long-term horizon investment, I find at current prices the company is quite a safe and unique investment.
Analiz Makalesi • Nov 05

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analiz Makalesi • Jun 04

Is Tejon Ranch (NYSE:TRC) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analiz Makalesi • Feb 16

If You Like EPS Growth Then Check Out Tejon Ranch (NYSE:TRC) Before It's Too Late

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analiz Makalesi • Jan 26

Is Tejon Ranch (NYSE:TRC) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analiz Makalesi • Dec 29

Does Tejon Ranch's (NYSE:TRC) Statutory Profit Adequately Reflect Its Underlying Profit?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Analiz Makalesi • Dec 11

Here's What Tejon Ranch Co.'s (NYSE:TRC) Shareholder Ownership Structure Looks Like

If you want to know who really controls Tejon Ranch Co. ( NYSE:TRC ), then you'll have to look at the makeup of its...

CEO Tazminat Analizi

Matt Walker'un ücretlendirmesi Tejon Ranch'un kazancına kıyasla nasıl değişti?
TarihToplam TazminatMaaşŞirket Kazançları
Mar 31 2026n/an/a

US$2m

Dec 31 2025US$2mUS$513k

US$75k

Tazminat ve Piyasa: Matt 'ın toplam tazminatı ($USD 2.36M ) US pazarındaki benzer büyüklükteki şirketler için ortalamadır ($USD 2.65M ).

Tazminat ve Kazançlar: Matt şirketinin tazminatını şirket performansıyla karşılaştırmak için yeterli veri yok.

CEO

Matt Walker (54 yo)

1.1yrs
Görev süresi
US$2,355,829
Tazminat

Mr. Matthew Walker, also known as Matt, is Director of California Chamber Of Commerce from May 2025. Mr. Walker was Chief Operating Officer of Tejon Ranch Co. from March 6, 2025 until March 31, 2025 and se...

Liderlik Ekibi

İsimPozisyonGörev süresiTazminatSahiplik
Matthew Walker
President & CEO1.1yrsUS$2.36m0.070%
$ 368.1k
Robert Velasquez
CFO, Treasurer4.2yrsUS$710.85k0.18%
$ 944.6k
Michael R. Houston
Senior VP2.8yrsUS$657.52k0.054%
$ 285.2k
Hugh McMahon
Executive Vice President of Real Estate11.4yrsUS$709.06k0.33%
$ 1.7m
Nicholas Ortiz
Senior Vice President of Corporate Communications & Public Affairs1.7yrsVeri yokVeri yok
Derek Abbott
Senior Vice President of Real Estate5.6yrsVeri yokVeri yok
Nathan Keith
Senior Vice President of Real Estate3.2yrsVeri yokVeri yok
3.2yrs
Ortalama Görev Süresi
56yo
Ortalama Yaş

Deneyimli Yönetim: TRC 'un yönetim ekibi deneyimli olarak değerlendirilmektedir (ortalama görev süresi 3.2 yıldır).

Yönetim Kurulu Üyeleri

İsimPozisyonGörev süresiTazminatSahiplik
Norman Metcalfe
Independent Chairman of the Board28.3yrsUS$141.14k0.069%
$ 362.1k
Jeffrey McCall
Independent Director1.5yrsUS$116.12k0.036%
$ 188.9k
Andrew Dakos
Independent Director1yrUS$71.59k0.22%
$ 1.2m
Gregory Bielli
Director12.4yrsUS$1.54m1.66%
$ 8.7m
Daniel Tisch
Independent Director14.2yrsUS$124.06k4.35%
$ 22.9m
Steven Betts
Independent Director11.7yrsUS$139.06k0.18%
$ 960.7k
Eric Speron
Independent Director1.5yrsUS$116.15k0.023%
$ 121.0k
Anthony Leggio
Independent Director14yrsUS$131.13k0.21%
$ 1.1m
Denise Gammon
Independent Director1.5yrsUS$116.15k0.021%
$ 108.1k
11.7yrs
Ortalama Görev Süresi
65.5yo
Ortalama Yaş

Deneyimli Yönetim Kurulu: TRC 'in yönetim kurulu deneyimli ve tecrübelidir (ortalama görev süresi 11.7 yıldır).

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/05/22 19:43
Gün Sonu Hisse Fiyatı2026/05/22 00:00
Kazançlar2026/03/31
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Tejon Ranch Co. 1 Bu analistlerden 1, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

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